19,734 Shares in James Hardie Industries plc (NYSE:JHX) Bought by First Trust Advisors LP

First Trust Advisors LP bought a new stake in James Hardie Industries plc (NYSE:JHX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,734 shares of the construction company’s stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JHX. Smartleaf Asset Management LLC lifted its position in James Hardie Industries by 262.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,286 shares of the construction company’s stock valued at $101,000 after purchasing an additional 2,380 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of James Hardie Industries during the fourth quarter valued at approximately $1,100,000. Avantax Advisory Services Inc. boosted its position in shares of James Hardie Industries by 8.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,838 shares of the construction company’s stock worth $211,000 after buying an additional 522 shares during the period. JPMorgan Chase & Co. grew its holdings in James Hardie Industries by 156.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,327 shares of the construction company’s stock worth $495,000 after buying an additional 7,526 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in James Hardie Industries by 23.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 90,741 shares of the construction company’s stock worth $2,796,000 after buying an additional 17,082 shares in the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

James Hardie Industries Stock Performance

NYSE:JHX opened at $24.01 on Friday. The company has a 50-day moving average of $25.35 and a 200-day moving average of $30.52. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 6.16 and a beta of 1.80. The company has a current ratio of 2.18, a quick ratio of 1.50 and a debt-to-equity ratio of 0.52. James Hardie Industries plc has a twelve month low of $19.72 and a twelve month high of $43.57.

James Hardie Industries (NYSE:JHX) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $953.30 million during the quarter, compared to analysts’ expectations of $967.63 million. James Hardie Industries had a net margin of 11.15% and a return on equity of 33.65%. Analysts forecast that James Hardie Industries plc will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

JHX has been the subject of a number of analyst reports. Bank of America upgraded James Hardie Industries from an “underperform” rating to a “buy” rating and reduced their price target for the stock from $27.40 to $27.35 in a research report on Thursday, March 27th. Macquarie downgraded shares of James Hardie Industries from an “outperform” rating to a “neutral” rating in a report on Monday, March 24th. Morgan Stanley raised shares of James Hardie Industries from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 24th. Truist Financial set a $45.00 price target on shares of James Hardie Industries in a research note on Monday, March 24th. Finally, StockNews.com upgraded shares of James Hardie Industries from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.45.

James Hardie Industries Company Profile

James Hardie Industries plc manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, and the Philippines. The company operates through North America Fiber Cement, Asia Pacific Fiber Cement, and Europe Building Products segments.